Rio Tinto PLC $RIO Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in Rio Tinto PLC (NYSE:RIOFree Report) by 34.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,478 shares of the mining company’s stock after buying an additional 14,776 shares during the period. The Manufacturers Life Insurance Company’s holdings in Rio Tinto were worth $5,362,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Glen Eagle Advisors LLC lifted its stake in shares of Rio Tinto by 32.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock worth $36,000 after acquiring an additional 110 shares during the period. Americana Partners LLC raised its holdings in Rio Tinto by 0.8% during the fourth quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock worth $1,289,000 after purchasing an additional 120 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Rio Tinto by 19.1% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 772 shares of the mining company’s stock worth $62,000 after purchasing an additional 124 shares in the last quarter. Bailard Inc. lifted its position in Rio Tinto by 1.1% in the fourth quarter. Bailard Inc. now owns 12,306 shares of the mining company’s stock worth $985,000 after purchasing an additional 128 shares during the period. Finally, American Capital Advisory LLC lifted its position in Rio Tinto by 1.0% in the fourth quarter. American Capital Advisory LLC now owns 13,492 shares of the mining company’s stock worth $1,080,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Price Performance

RIO opened at $99.71 on Friday. Rio Tinto PLC has a fifty-two week low of $60.22 and a fifty-two week high of $112.58. The business has a 50-day moving average of $96.98 and a 200-day moving average of $96.62. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29.

Rio Tinto Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, August 14th will be issued a $2.11 dividend. The ex-dividend date is Friday, August 14th. This represents a yield of 438.0%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RIO. Weiss Ratings upgraded Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. The Goldman Sachs Group upgraded Rio Tinto from a “neutral” rating to a “buy” rating in a report on Wednesday, July 29th. Royal Bank Of Canada cut Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.50.

View Our Latest Research Report on RIO

Key Rio Tinto News

Here are the key news stories impacting Rio Tinto this week:

  • Positive Sentiment: Rio Tinto and BHP were summoned to a critical-minerals meeting with President Donald Trump. The engagement could improve Rio’s access to U.S. policy support, strategic partnerships and future demand for minerals such as copper. Rio Tinto, BHP summoned to critical minerals meeting with Trump
  • Positive Sentiment: Rio Tinto is emphasizing the Rhodes Ridge and Simandou developments to support long-term iron ore growth as steel demand changes. Successful execution could help offset pressure from mature operations and strengthen future production. Rio Tinto leans on Rhodes Ridge and Simandou to secure iron ore growth as demand shifts
  • Neutral Sentiment: Private-equity firms including Blackstone and KKR are reportedly interested in assets involved in Rio Tinto’s potential $3 billion sale. Interest could validate asset values and generate capital, though the final proceeds and strategic impact remain uncertain. Rio Tinto’s $3B asset sale lures private equity giants
  • Negative Sentiment: China’s state iron ore buyer reportedly told steel mills to stop negotiating with Rio Tinto. The move raises concerns about strained commercial relations, weaker negotiating power and possible pressure on iron ore pricing or sales volumes. China’s state iron ore buyer tells steel mills to stop negotiating with Rio Tinto
  • Negative Sentiment: Zacks Research downgraded RIO from “hold” to “strong sell,” adding to analyst-driven selling pressure. Zacks Research
  • Negative Sentiment: Traders purchased roughly 7,236 Rio Tinto put options, about 85% above typical daily volume. Although options activity is not definitive, it signals increased demand for downside protection or bearish speculation.

Rio Tinto Company Profile

(Free Report)

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.

See Also

Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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